- Increased costs due to the replacement of equipment to meet stricter regulations and rising energy costs.
- Risks of sales decreases due to the suspension of factory and store operations due to abnormal weather and difficulty in securing workforce.
- Increases in non-life insurance premiums due to a higher frequency of abnormal weather.
- Risks of sales decreases due to failure to meet the requests of business partners for climate action.
Seiko Group Corporation
Greenhouse gas emissions & sustainability report data
In its 2022-04 to 2023-03 reporting, Seiko Group Corporation disclosed greenhouse gas emissions of 96.6K tCO2e/year. By scope: Scope 1: 8.2K tCO2e/year; Scope 2: 88.4K tCO2e/year; Scope 3: 572.4K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
96.6K tCO2e/year
2022-04 to 2023-03
Renewable Energy
15.3%
of total energy
Waste
5.7K tons/year
2022-04 to 2023-03
Energy Use
248.5K MWh/year
2022-04 to 2023-03
📊 Emissions by Scope (2022-04 to 2023-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 8.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 88.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 572.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved a 100% shift to renewable energy at all wristwatch factories in Japan, enabling reduction of about 10,000 tons of CO2 annually.
- Increased the ratio of renewable energy used from 7.3% in FY2021 to 15.3% in FY2022.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce GHG emissions by 42% in 2030 compared to the 2020 level.
🔭 Long-term
- Achieve carbon neutrality in 2050.
🌱 ESG Focus Areas
Climate ChangeDecarbonizationSDGs